EU grants Egypt $40 million to enhance food security

EU grants Egypt $40 million to enhance food security

The European Union (EU) has granted Egypt $40 million earn-marked for the improvement of food security in the North African country, Egypt’s International Cooperation Ministry said in a statement.

The EU will provide the funds through the Italian Agency for Development Cooperation (AICS).

Per the deal, the AICS will partner with the Egyptian Ministry of Agriculture to support the production of wheat and grains with €25 million and complete the information control system of wheat in Egypt with €15 million.

The grant comes within the framework of the “EU-KAFI Contribution Agreement Under the EU Food Facility” program, funded by a grant of €100 million. The projects to be funded by the remaining amount of €60 million are under discussion.

The food security support program strengthens Egypt’s efforts to address the repercussions of the Russian-Ukrainian crisis.

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